ALADDIN 🟣🔮
@aladdin-x8.eth
🚀 Bergen County, New Jersey to tokenize $240B in real estate deeds on the Avalanche Network! 🏠 In what is the largest real estate tokenization project in the U.S., Bergen County signed a five-year deal with blockchain firm Balcony to migrate 370,000 property deeds — worth around $240 billion — onto an immutable, searchable blockchain ledger. 🔍 Key goals: ✅ Cut property record processing time by 90% ✅ Reduce fraud and discrepancies in records ✅ Increase municipal revenue (e.g., Balcony’s work in Orange, NJ uncovered $1M in hidden revenue due to outdated records!) 🔗 The tech behind it: Avalanche (AVAX) blockchain Integrated directly with county systems Covers nearly 1 million residents across 70 municipalities
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ALADDIN 🟣🔮
@aladdin-x8.eth
📝 Why it matters: 💡 Real-world asset tokenization is fast becoming a pillar of blockchain adoption in real estate. 💡 A Boston Consulting Group and Ripple report forecasts the market could reach $18.9 trillion by 2033, with real estate playing a huge role! 🌍 Dubai has already launched a similar initiative via Prypco Mint on the XRP Ledger, targeting $16 billion in real estate tokenization. 🔧 As the Ava Labs CSO said: "Avalanche's infrastructure is built for secure, rapid data processing — exactly what's needed to modernize property records and public sector operations." 📌 The bottom line: Tokenization of real estate is no longer a dream – it’s becoming a real, operational tool for governments and public institutions. 🚀✨
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